On its last day in office, the Pushpa Kamal Dahal ‘Prachanda’ government of Nepal has awarded a contract to construct the 1,200MW Budhi Gandaki Hydroelectric Project to a controversial Chinese company, without any competitive bidding.
The last cabinet meeting held on Tuesday -- a day before Prachanda stepped down as prime minister-- approved the energy ministry’s proposal to let China Gezhouba Group Corporation (CGGC) build the project on the Budhi Gandaki River in Gorkha and Dhading districts.
Touted as a project to end the perennial power shortage in the country, it will be built under the engineering, procurement, construction and finance model, with an estimated cost of more than $ 2.5 billion.
Though there are accusations that Prachanda was pro-India, some of
Read Original :Nepal awards $2.5-bn power project to controversial Chinese firm